The University of New Mexico in plans to launch $1m university venture fund.
US-based University of New Mexico (UNM) is reportedly preparing a $1m fund to back at least 10 startups commercialising university inventions.
Lisa Kuuttila, president and chief executive of Science and Technology Corporation (STC), which manages UNM’s technology commercialisation, told news provider Albuquerque Journal, that the UNM Foundation and the directing board of the STC agreed to create the fund if regents approve it next month.
Kuuttila, who is on the board of directors of New Mexico Angels, added to…
